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ACTG 315 - Ill. Chicago Study Resources
  • 69 Pages CH10-12MC
    CH10-12MC

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    Multiple Choice Questions-Chapter 10 53. Operational assets are: A. Created by the normal operation of the business and include accounts receivable. B. All assets except cash and cash equivalents. C. Current and long-term assets used in the production of

  • 5 Pages AC 315 Fall 2013 - Chapter 5 Income Measurement - Answer Key
    AC 315 Fall 2013 - Chapter 5 Income Measurement - Answer Key

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

  • 156 Pages Chap005
    Chap005

    School: Ill. Chicago

    Course: Intermediate Accounting

    Chapter 05 - Income Measurement and Profitability Analysis Chapter 05 Income Measurement and Profitability Analysis True / False Questions 1. Revenue is not recognized under the realization principle unless the earnings process is complete or virtually co

  • 150 Pages Chap013
    Chap013

    School: Ill. Chicago

    Course: Intermediate Accounting

    Chapter 13 - Current Liabilities and Contingencies Chapter 13 Current Liabilities and Contingencies True / False Questions 1. Some liabilities are not contractual obligations and may not be payable in cash. True False 2. Amounts withheld from employees in

  • 3 Pages ch.12A
    Ch.12A

    School: Ill. Chicago

    Problem 12-1 Securities held-to-maturity; bond investment; effective interest [LO12-1] Fuzzy Monkey Technologies, Inc., purchased as a long-term investment $80 million of 8% bonds, dated January 1, on January 1, 2013. Management has the positive intent an

  • 102 Pages Chap006
    Chap006

    School: Ill. Chicago

    Course: Intermediate Accounting

    Chapter 06 - Time Value of Money Concepts Chapter 06 Time Value of Money Concepts True / False Questions 1. Compound interest includes interest earned on interest. True False 2. When interest is compounded, the stated rate of interest exceeds the effectiv

  • 130 Pages Chap008
    Chap008

    School: Ill. Chicago

    Course: Intermediate Accounting

    Chapter 08 - Inventories: Measurement Chapter 08 Inventories: Measurement True / False Questions 1. Physical counts of inventory are never done with perpetual inventory systems. True False 2. The main difference between perpetual and periodic inventory sy

  • 88 Pages ch10 Actg 315 UIC
    Ch10 Actg 315 UIC

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    ch10 Student: _ 1. Property, plant, and equipment and intangible assets are long-term, revenue producing assets. True 2. Sales tax paid on equipment acquired for use in the business is not capitalized. True 3. False The fair value of the asset, debt or eq

  • 123 Pages ch12 Actg 315 UIC
    Ch12 Actg 315 UIC

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    ch12 Student: _ 1. Securities classified as held to maturity could be reported as either current or long-term in a classified balance sheet, depending upon their maturity dates. True 2. All investments in debt securities whose fair values are not readily

  • 69 Pages ACTG.textbook.ch4
    ACTG.textbook.ch4

    School: Ill. Chicago

    Income from Continuing Operations LO41 Chapter 4 LO4-1 Narrated PowerPoint The need to provide information to help analysts predict future cash flows emphasizes the importance of properly reporting the amount of income from the entity's continuing operat

  • 4 Pages Journal
    Journal

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    3:25 PM CH3 Olivia's Web Solutions 07/08/14 Journal June 2014 Trans # 1 Type General Journal Date Num Adj Name 06/01/2014 Memo Account 1010 Cash-Operati. 1725 Computers, C. 2020 Notes Payable 3010 Olivia Chen, . Debit 25,000.00 5,000.00 2,500.00 27,500.00

  • 2 Pages AdjTB5
    AdjTB5

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    7:45 PM Galaxy Holodecks Ajmal Bijapuri 07/29/14 Adjusted Trial Balance Accrual Basis July 2014 Unadjusted Balance Debit Credit 10000 Bank of America 11000 Accounts Receivable 11050 Dax-Investments-MM 12000 Inventory Asset 12001 Undeposited Funds 15000 Fu

  • 1 Page BalShtStd
    BalShtStd

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    4:59 PM OWS4 Ajmal Bijapuri Olivia's Web Solutions 07/08/14 Balance Sheet Accrual Basis As of June 30, 2014 Jun 30, 14 ASSETS Current Assets Checking/Savings 1010 Cash-Operating Total Checking/Savings 22,625.00 22,625.00 Accounts Receivable 1200 Accounts

  • 2 Pages CustomerContact
    CustomerContact

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    3:22 PM CH3 Olivia's Web Solutions 07/08/14 Customer Contact List July 8, 2014 Customer Artie's Auto Repair Breathe Easy Long Island Water Works Miguel's Restaurant Schneider Family Sehorn & Smith Singh Family South Shore School District Thrifty Stores Bi

  • 2 Pages CustomerContact5
    CustomerContact5

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    7:39 PM Galaxy Holodecks Ajmal Bijapuri 07/29/14 Customer Contact List July 29, 2014 Customer Hacienda Bank Quark's Bar S.S. Enterprise Starfleet Academy Bill to Hacienda Bank Quark's Bar 5144 Union San Diego, CA 92129 S.S. Enterprise Starfleet Naval Stat

  • 2 Pages CustCont
    CustCont

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    10:11 PM OWS6 Ajmal Bijapuri Olivia's Web Solution 07/14/14 Customer Contact List July 14, 2014 Customer Allen Scott Customer Service David Singh Jerry Sehorn Johnny Schneider Joseph Porter Leon Artie Miguel Perez William Way Bill to Primary Contact Allen

  • 1 Page BalShtStd2
    BalShtStd2

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    10:09 PM OWS6 Ajmal Bijapuri Olivia's Web Solution 07/14/14 Balance Sheet Accrual Basis As of August 1, 2014 Aug 1, 14 ASSETS Current Assets Checking/Savings 1010 Cash-Operating 24,489.16 Total Checking/Savings 24,489.16 Accounts Receivable 1200 Accounts

  • 1 Page CustomerBalDet5
    CustomerBalDet5

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    7:41 PM Galaxy Holodecks Ajmal Bijapuri 07/29/14 Customer Balance Detail As of July 31, 2014 Type Hacienda Bank Invoice Date Num Account Amount Balance 11000 Accounts R. Total Hacienda Bank 100,000.00 0.00 100,000.00 100,000.00 07/02/2014 100,000.00 Quark

  • 2 Pages ItemList
    ItemList

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    10:10 PM OWS6 Ajmal Bijapuri Olivia's Web Solution 07/14/14 Item Listing July 14, 2014 Item Internet Consulting Services Web Page Design Services Computers Desktop Pub. Software HTML Software Scanners NY Sales Tax Description Internet Consulting Web Page

  • 3 Pages ItemList5
    ItemList5

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    7:43 PM Galaxy Holodecks Ajmal Bijapuri 07/29/14 Item Listing July 29, 2014 Item 100-INST 101-CON 201-MAX 202-OPT 301-UNI 302-SEC Out of State Description Installation Consulting Maxus Optima Universe SectorOne Out-of-state sale, exempt from sales tax Typ

  • 1 Page CustomerBalDet
    CustomerBalDet

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    3:13 PM CH3 Olivia's Web Solutions 07/08/14 Customer Balance Detail As of June 30, 2014 Type Artie's Auto Repair Invoice Date Num Account 1200 Accounts Re. 1200 Accounts Re. Total Long Island Water Works 06/17/2014 06/29/2014 1004 3269 1200 Accounts Re. 1

  • 1 Page InvValDet
    InvValDet

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    6:36 PM OWS5 Ajmal Bijapuri Olivia's Web Solutions 07/13/14 Inventory Valuation Detail July 2014 Type Date Inventory Computers (Computer System) Bill 07/02/2014 Invoice 07/05/2014 Invoice 07/06/2014 Invoice 07/12/2014 Bill 07/16/2014 Sales Receipt 07/19/2

  • 1 Page BalShtStd1
    BalShtStd1

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    6:41 PM OWS5 Ajmal Bijapuri Olivia's Web Solutions 07/13/14 Balance Sheet As of July 31, 2014 Accrual Basis Jul 31, 14 ASSETS Current Assets Checking/Savings 1010 Cash-Operating 21,469.00 Total Checking/Savings 21,469.00 Accounts Receivable 1200 Accounts

  • 8 Pages Chap014
    Chap014

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    Student Name: Instructor Class: McGraw-Hill/Irwin Problem 14-03 Requirement 1: BRADLEY RECREATIONAL PRODUCTS Amortization Table at Effective Interest Rate Payment 1 2 3 4 5 6 7 8* *rounded Cash Interest 4.5% 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500

  • 8 Pages Chap015
    Chap015

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    Student Name: Instructor Class: McGraw-Hill/Irwin Problem 15-08 RHONE-METRO INDUSTRIES Annual Lease Payments Requirement 1: Lessor's Calculation of Lease Payments Amount to be recovered (fair value) Less: Present value of the guaranteed residual value Amo

  • 6 Pages Chap016
    Chap016

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    Student Name: Instructor Class: McGraw-Hill/Irwin Problem 16-04 ZEKANY CORPORATION Calculations 2011 $60,000 (39,600) $20,400 30% $6,120 Pretax accounting income Depreciation for tax Taxable income Tax rate Tax payable Correct! Straight-line Tax depreciat

  • 8 Pages Chap017
    Chap017

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    Student Name: Instructor Class: McGraw-Hill/Irwin Problem 17-6 STANLEY-MORGAN INDUSTRIES Calculations ($ in 000s) 1. Projected Benefit Obligation Balance, January 1, 2011 Service cost Interest cost Benefits paid Balance, December 31, 2011 Service cost Int

  • 106 Pages chap013
    Chap013

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    Chapter 013 Current Liabilities and Contingencies True / False Questions 1. Some liabilities are not contractual obligations and may not be payable in cash. TRUE AACSB: Reflective thinking Blooms: Knowledge Learning Objective: 1 Level of Learning: 1 2. Lo

  • 92 Pages chap014
    Chap014

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    Chapter 014 Bonds and Long-Term Notes True / False Questions 1. The specific provisions of a bond issue are described in a document called a bond indenture. TRUE AACSB: Reflective thinking Blooms: Knowledge Learning Objective: 1 Level of Learning: 1 2. Pe

  • 87 Pages chap016
    Chap016

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    Chapter 016 Accounting for Income Taxes True / False Questions 1. A temporary difference originates in one period and reverses, or turns around, in one or more later periods. TRUE AACSB: Reflective thinking Blooms: Knowledge Learning Objective: 1 Level of

  • 82 Pages chap018
    Chap018

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    Chapter 018 Shareholders' Equity True / False Questions 1. Mandatorily redeemable preferred stock is reported as a liability. TRUE AACSB: Reflective thinking Blooms: Knowledge Learning Objective: 3 Level of Learning: 1 2. Noncash assets received as consid

  • 74 Pages chap020
    Chap020

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    Chapter 020 Accounting Changes True / False Questions 1. Most, but not all, changes in accounting principle are reported using the retrospective approach. TRUE AACSB: Reflective thinking Blooms: Knowledge Learning Objective: 1 Level of Learning: 1 2. Prio

  • 97 Pages chap015
    Chap015

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    Chapter 015 Leases True / False Questions 1. Capital leases are agreements that are formulated outwardly as leases, but are installment purchases in substance. TRUE AACSB: Reflective thinking Blooms: Knowledge Learning Objective: 2 Level of Learning: 1 2.

  • 118 Pages chap017
    Chap017

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    Chapter 017 Pensions and Other Postretirement Benefits True / False Questions 1. The projected benefit obligation may be less reliable than the accumulated benefit obligation. TRUE AACSB: Reflective thinking Blooms: Comprehension Learning Objective: 2 Lev

  • 117 Pages chap019
    Chap019

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    Chapter 019 Share-Based Compensation and Earnings per Share True / False Questions 1. The current FASB standard requires using intrinsic value accounting for employee stock options. FALSE AACSB: Reflective thinking Blooms: Knowledge Learning Objective: 2

  • 94 Pages chap021
    Chap021

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    Chapter 021 The Statement of Cash Flows True / False Questions 1. Amounts held in cash equivalent investments must be reported separately from amounts held as cash in the statement of cash flows. FALSE AACSB: Reflective thinking Blooms: Knowledge Learning

  • 1 Page AdjJournal
    AdjJournal

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    4:57 PM OWS4 Ajmal Bijapuri Olivia's Web Solutions 07/08/14 Adjusting Journal Entries June 30, 2014 Accrual Basis Date 06/30/2014 Num AJE1 Name Memo Account 6100 Insurance Expe. 1420 Prepaid Insuran. Debit 150.00 150.00 150.00 06/30/2014 AJE2 6050 Adverti

  • 1 Page BalanceSht
    BalanceSht

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    7:44 PM Galaxy Holodecks Ajmal Bijapuri 07/29/14 Balance Sheet As of July 31, 2014 Accrual Basis Jul 31, 14 ASSETS Current Assets Checking/Savings 10000 Bank of America 169,500.00 Total Checking/Savings 169,500.00 Accounts Receivable 11000 Accounts Receiv

  • 1 Page AdjTB
    AdjTB

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    4:53 PM OWS4 Ajmal Bijapuri Olivia's Web Solutions 07/08/14 Adjusted Trial Balance Accrual Basis June 2014 Unadjusted Balance Debit Credit 1010 Cash-Operating 1200 Accounts Receivable 1250 Undeposited Funds 1300 Computer Supplies 1305 Office Supplies 1410

  • 4 Pages GeneralLedger
    GeneralLedger

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    7:23 PM Galaxy Holodecks Ajmal Bijapuri 07/27/14 General Ledger As of June 30, 2014 Accrual Basis Type Date Num Adj Name Split Account Ope. 10000 Bank of America Deposit 06/30/2014 Memo 30000 Openi. Total 10000 Bank of America 11000 Accounts Receivable In

  • 2 Pages InvStStat
    InvStStat

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    6:37 PM OWS5 Ajmal Bijapuri Olivia's Web Solutions 07/13/14 Inventory Stock Status by Item July 2014 Pref Vendor Inventory Computers (Computer System) Desktop Publishing Software (Desktop Publishing Software) HTML Software (HTML Software) Scanners (Scanne

  • 2 Pages Journal2
    Journal2

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    4:54 PM OWS4 Ajmal Bijapuri Olivia's Web Solutions 07/08/14 Journal June 30, 2014 Trans # 16 Type Bill Pmt -Check Date 06/30/2014 Num Adj 6 Name Memo Netsoft Development. Netsoft Development. Account 1010 Cash-Operati. 2010 Accounts Pay. Debit Credit 2,00

  • 1 Page TBAfter
    TBAfter

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    4:56 PM OWS4 Ajmal Bijapuri Olivia's Web Solutions 07/08/14 Adjusted Trial Balance As of June 30, 2014 Accrual Basis Jun 30, 14 Debit Credit 1010 Cash-Operating 1200 Accounts Receivable 1250 Undeposited Funds 1300 Computer Supplies 1305 Office Supplies 14

  • 1 Page TBBefore
    TBBefore

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    4:38 PM OWS4 Ajmal Bijapuri Olivia's Web Solutions 07/08/14 Trial Balance As of June 30, 2014 Accrual Basis Jun 30, 14 Debit Credit 1010 Cash-Operating 1200 Accounts Receivable 1250 Undeposited Funds 1300 Computer Supplies 1305 Office Supplies 1410 Prepai

  • 1 Page UnpaidBills
    UnpaidBills

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    4:10 PM OWS2 Ajmal Bijapuri Olivia's Web Solutions 06/28/14 Unpaid Bills Detail As of June 30, 2014 Type Chrbet Advertising Bill Date 06/08/2014 Num Due Date O-989 07/08/2014 Total Chrbet Advertising Eastel Bill 06/18/2014 6-2568 07/18/2014 06/07/2014 O98

  • 2 Pages VendCont
    VendCont

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    10:11 PM OWS6 Ajmal Bijapuri Olivia's Web Solution 07/14/14 Vendor Contact List July 14, 2014 Vendor Alvin R. Clinton Chris Chrbet Comet Computer Supplies Computec Computers Eastel Eastern Mutual Insurance InterSoft Development Co. Jeremy Jones Ken Martin

  • 2 Pages VenderCont
    VenderCont

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    7:41 PM Galaxy Holodecks Ajmal Bijapuri 07/29/14 Vendor Contact List July 29, 2014 Vendor Apple Inc. Ferengi Realty Hacienda Bank1 Intergalactic Indemnity Microsoft Corp. Sector 8 State Board of Equalization Vulcan Computer Supply Account No. Bill from Ap

  • 1 Page VenderBalDet
    VenderBalDet

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    7:42 PM Galaxy Holodecks Ajmal Bijapuri 07/29/14 Vendor Balance Detail As of July 31, 2014 Type Apple Inc. Bill Date Num Account 07/02/2014 JULY-. 20000 Accounts P. 07/23/2014 80120. 20000 Accounts P. Total Hacienda Bank1 Intergalactic Indemnity Bill 07/2

  • 1 Page VendorBalance
    VendorBalance

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    4:11 PM OWS2 Ajmal Bijapuri Olivia's Web Solutions 06/28/14 Vendor Balance Detail As of June 30, 2014 Type ARC Management Bill Bill Pmt -Check Date Num Account 06/18/2014 6-2568 2010 Accounts Pay. Total Eastel Eastern Mutual Insurance Bill 06/04/2014 Bill

  • 1 Page CH4 Olivia's Web Solutions.QBW
    CH4 Olivia's Web Solutions.QBW

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    /This is QuickBooks configuration File. It exists while users are connected / to a company file. Do not delete this file yourself. QuickBooks may not / operate correctly IF you manually delete this file. [NetConnect] EngineName=QB_data_engine_23 FilePath=

  • 1 Page CH5 Olivia's Web Solutions.QBW
    CH5 Olivia's Web Solutions.QBW

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    /This is QuickBooks configuration File. It exists while users are connected / to a company file. Do not delete this file yourself. QuickBooks may not / operate correctly IF you manually delete this file. [NetConnect] EngineName=QB_data_engine_23 FilePath=

  • 1 Page CH6 Olivia's Web Solutions.QBW
    CH6 Olivia's Web Solutions.QBW

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    / This is Database Source Name File for ODBC connection to a company file. / Do not delete this file yourself. ODBC connection may not / operate correctly IF you manually delete this file. [ODBC] DRIVER=SQL Anywhere Compress=NO DisableMultiRowFetch=NO De

  • 1 Page CH6 Olivia's Web Solutions.QBW
    CH6 Olivia's Web Solutions.QBW

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    /This is QuickBooks configuration File. It exists while users are connected / to a company file. Do not delete this file yourself. QuickBooks may not / operate correctly IF you manually delete this file. [NetConnect] EngineName=QB_data_engine_23 FilePath=

  • 1 Page Galaxy Holodecks.QBW
    Galaxy Holodecks.QBW

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    /This is QuickBooks configuration File. It exists while users are connected / to a company file. Do not delete this file yourself. QuickBooks may not / operate correctly IF you manually delete this file. [NetConnect] EngineName=QB_data_engine_23 FilePath=

  • 1 Page Galaxy Holodecks, Inc.QBW
    Galaxy Holodecks, Inc.QBW

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    /This is QuickBooks configuration File. It exists while users are connected / to a company file. Do not delete this file yourself. QuickBooks may not / operate correctly IF you manually delete this file. [NetConnect] EngineName=QB_data_engine_23 FilePath=

  • 1 Page TrialBal
    TrialBal

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    7:43 PM Galaxy Holodecks Ajmal Bijapuri 07/29/14 Trial Balance Accrual Basis As of July 31, 2014 Jul 31, 14 Debit Credit 10000 Bank of America 11000 Accounts Receivable 11050 Dax-Investments-MM 12000 Inventory Asset 12001 Undeposited Funds 15000 Furniture

  • 2 Pages VendorContact
    VendorContact

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    4:12 PM OWS2 Ajmal Bijapuri Olivia's Web Solutions 06/28/14 Vendor Contact List June 28, 2014 Vendor ARC Management Chrbet Advertising Comet Computer Supplies Eastel Eastern Mutual Insurance Lewis Furniture Co. LI Power Company Martin Computer Repairs Net

  • 1 Page TrialBalance
    TrialBalance

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    7:21 PM Galaxy Holodecks Ajmal Bijapuri 07/27/14 Trial Balance As of June 30, 2014 Accrual Basis Jul 30, 14 Debit Credit 10000 Bank of America 11000 Accounts Receivable 12000 Inventory Asset 20000 Accounts Payable 30000 Opening Balance Equity 49900 Uncate

  • 2 Pages Journal1
    Journal1

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    4:15 PM OWS2 Ajmal Bijapuri Olivia's Web Solutions 06/28/14 Journal June 2014 Trans # 1 Type General Journal Date Num Adj Name 06/01/2014 Memo Account 1010 Cash-Operati. 1725 Computers, C. 2020 Notes Payable 3010 Olivia Chen, . Debit 25,000.00 5,000.00 2,

  • 3 Pages Journal6
    Journal6

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    10:06 PM CH6 Ajmal Bijapuri Olivia's Web Solution 07/14/14 Journal August 2014 Trans # 1 Type Invoice Date 08/01/2014 Num Adj Name Leon Artie Leon Artie Memo Account Opening bala. Opening bala. 1200 Accounts Re. 49900 Uncategoriz. Debit 800.00 800.00 800.

  • 3 Pages Journal5
    Journal5

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    6:39 PM OWS5 Ajmal Bijapuri Olivia's Web Solutions 07/13/14 Journal July 2014 Trans # 42 Type Bill Date 07/02/2014 Num 068788 Adj Name Memo Account Computec Computers Computec Computers Computer Sys. 2010 Accounts Pay. 1260 Inventory of C. Debit 10,000.00

  • 1 Page OpenInvoices
    OpenInvoices

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    3:11 PM CH3 Olivia's Web Solutions 07/08/14 Open Invoices As of June 30, 2014 Type Artie's Auto Repair Invoice Date 06/28/2014 Num 1008 P. O. # Terms Net 30 D. Due Date 07/28/2014 Total Artie's Auto Repair Breathe Easy Invoice 06/21/2014 1006 Net 30 D. 07

  • 4 Pages Journal7
    Journal7

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    7:46 PM Galaxy Holodecks Ajmal Bijapuri 07/29/14 Journal June 30 through July 31, 2014 Trans # 1 Type Invoice Date Num 06/30/2014 Adj Name Starfleet Academy Starfleet Academy Memo Account Opening bala. Opening bala. 11000 Accounts R. 49900 Uncategoriz. De

  • 1 Page Procedure Check
    Procedure Check

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    Ajmal Bijapuri ACCT 173 Procedure Check 1. QuickBooks is an accounting software that many accountants use for their files and financial statements. 2. Single user mode is used on a single computer, multi user mode is when many users records at the same ti

  • 1 Page ProfitLoss
    ProfitLoss

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    7:45 PM Galaxy Holodecks Ajmal Bijapuri 07/29/14 Profit & Loss July 2014 Accrual Basis Jul 14 Ordinary Income/Expense Income 45000 Sales Income 49900 Uncategorized Income Total Income 69,400.00 100,000.00 169,400.00 Cost of Goods Sold 50000 Cost of Goods

  • 1 Page ProfLossStd2
    ProfLossStd2

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    10:09 PM OWS6 Ajmal Bijapuri Olivia's Web Solution 07/14/14 Profit & Loss June 1 through August 1, 2014 Accrual Basis Jun 1 - Aug 1, 14 Ordinary Income/Expense Income 4010 Web Page Design Fees 4020 Internet Consulting Fees 4060 Sale of Computers 4065 Sale

  • 1 Page ProfitLossStd
    ProfitLossStd

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    6:40 PM OWS5 Ajmal Bijapuri Olivia's Web Solutions 07/13/14 Profit & Loss June through July 2014 Accrual Basis Jun - Jul 14 Ordinary Income/Expense Income 4010 Web Page Design Fees 4020 Internet Consulting Fees 4060 Sale of Computers 4065 Sale of Scanners

  • 1 Page PurItDet
    PurItDet

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    6:38 PM OWS5 Ajmal Bijapuri Olivia's Web Solutions 07/13/14 Purchases by Item Detail July 2014 Accrual Basis Type Date Inventory Computers (Computer System) Bill 07/02/2014 Bill 07/16/2014 Bill 07/30/2014 Num Memo Source Name 068788 072445 073111 Computer

  • 1 Page ProfLossStd
    ProfLossStd

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    4:58 PM OWS4 Ajmal Bijapuri Olivia's Web Solutions 07/08/14 Profit & Loss June 2014 Accrual Basis Jun 14 Ordinary Income/Expense Income 4010 Web Page Design Fees 4020 Internet Consulting Fees Total Income Expense 6050 Advertising Expense 6075 Dep. Exp., C

  • 1 Page TB
    TB

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    10:08 PM OWS6 Ajmal Bijapuri Olivia's Web Solution 07/14/14 Trial Balance As of August 31, 2014 Accrual Basis Aug 31, 14 Debit Credit 1010 Cash-Operating 1200 Accounts Receivable 1260 Inventory of Computers 1265 Inventory of Scanners 1270 Inventory of HTM

  • 1 Page SalesIteDet
    SalesIteDet

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    6:38 PM OWS5 Ajmal Bijapuri Olivia's Web Solutions 07/13/14 Sales by Item Detail July 2014 Accrual Basis Type Date Inventory Computers (Computer System) Invoice 07/05/2014 Invoice 07/06/2014 Invoice 07/12/2014 Sales Receipt 07/19/2014 Invoice 07/20/2014 N

  • 8 Pages AC 315 Fall 2012 Chapter 7 Quiz
    AC 315 Fall 2012 Chapter 7 Quiz

    School: Ill. Chicago

    Course: Intermediate Accounting

  • 7 Pages Chapter 2 Quiz Answer Key Fall 2011
    Chapter 2 Quiz Answer Key Fall 2011

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

  • 6 Pages Chapter 10 - Excel Solutions
    Chapter 10 - Excel Solutions

    School: Ill. Chicago

    Course: Intemediate Financial Accounting

    Student Name: Instructor Class: McGraw-Hill/Irwin Problem 10-03 Requirement 1: Hint: "Increases" come from the "Explanations of Amounts" below the table. "Decreases" come from assets that have been sold or traded in. PELL CORPORATION Analysis of Change in

  • 74 Pages Chap001
    Chap001

    School: Ill. Chicago

    Course: Intermediate Accounting

    Chapter 01 - Environment and Theoretical Structure of Financial Accounting Chapter 01 Environment and Theoretical Structure of Financial Accounting True / False Questions 1. The primary function of financial accounting is to provide relevant financial inf

  • 127 Pages Chap002
    Chap002

    School: Ill. Chicago

    Course: Intermediate Accounting

    Chapter 02 - Review of the Accounting Process Chapter 02 Review of the Accounting Process True / False Questions 1. Owners' equity can be expressed as assets minus liabilities. True False 2. Debits increase asset accounts and decrease liability accounts.

  • 115 Pages Chap003
    Chap003

    School: Ill. Chicago

    Course: Intermediate Accounting

    Chapter 03 - The Balance Sheet and Financial Disclosures Chapter 03 The Balance Sheet and Financial Disclosures True / False Questions 1. The balance sheet reports a company's financial position at a point in time. True False 2. A company's market value i

  • 117 Pages Chap004
    Chap004

    School: Ill. Chicago

    Course: Intermediate Accounting

    Chapter 04 - The Income Statement and Statement of Cash Flows Chapter 04 The Income Statement and Statement of Cash Flows True / False Questions 1. Income from continuing operations sometimes includes gains from nonoperating activities. True False 2. Intr

  • 154 Pages Chap007
    Chap007

    School: Ill. Chicago

    Course: Intermediate Accounting

    Chapter 07 - Cash and Receivables Chapter 07 Cash and Receivables True / False Questions 1. Cash equivalents would include investments in marketable equity securities as long as management intends to sell the securities in the next three months. True Fals

  • 157 Pages Chap012
    Chap012

    School: Ill. Chicago

    Course: Intermediate Accounting

    Chapter 12 - Investments Chapter 12 Investments True / False Questions 1. Securities classified as held to maturity could be reported as either current or long-term in a classified balance sheet, depending upon their maturity dates. True False 2. All inve

  • 121 Pages Chap010
    Chap010

    School: Ill. Chicago

    Course: Intermediate Accounting

    Chapter 10 - Property, Plant, and Equipment and Intangible Assets: Acquisition and Disposition Chapter 10 Property, Plant, and Equipment and Intangible Assets: Acquisition and Disposition True / False Questions 1. Property, plant, and equipment and intang

  • 26 Pages Chapter3Answers
    Chapter3Answers

    School: Ill. Chicago

    EXERCISE 3-4 (Continued) Blues Traveler Corporation Trial Balance (corrected) April 30 Debit Cash Accounts Receivable Supplies on Hand Furniture and Equipment Accounts Payable Common Stock Retained Earnings Revenue from Fees Office Expense $06,172 4,

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    ACTG 315 - Chapter 10A Operational Assets - Connect HW Answers

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    Question #1 Answer: Land Purchase price $60,000 Demolition of old building $2,000 ($ 4,000 - $2,000) Legal fees for title investigation of land 2,000 Total $64,000 New building Architects fees (for new building) 12,000 Construction costs 500,000 Interest

  • 4 Pages AC 315 Spring 2014 - Chapter 5 Income Measurement - Quiz Answer Key
    AC 315 Spring 2014 - Chapter 5 Income Measurement - Quiz Answer Key

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    Name_ Time of Class Score Chapter 5 Quiz MSW; Kg\ ' saw, Zea/51 Leventhal Construction Company reports its inco e for tax purposes on a completed contract basis and income for nancial statement purposes on a percentage-ofcompletion basis. A record

  • 6 Pages AC 315 Spring 2014 - Chapter 2 Accounting Process - Quiz Answer Key
    AC 315 Spring 2014 - Chapter 2 Accounting Process - Quiz Answer Key

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    AC 315 Ch 2 Super QUIZ Spring 2014 NAME Class Time: SCORE / 30 points ANSWEK KEY Assume where applicable the normal rules for reversing entries are used. Reverse all accruals and deferrals originally recorded to Income Statement accounts. If a journal

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    AC 315 Spring 2014 - Chapter 7 Cash And Receivables - Quiz Answer Key

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

  • 8 Pages Chap015
    Chap015

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    Student Name: Instructor Class: McGraw-Hill/Irwin Problem 15-08 RHONE-METRO INDUSTRIES Annual Lease Payments Requirement 1: Lessor's Calculation of Lease Payments Amount to be recovered (fair value) Less: Present value of the guaranteed residual value Amo

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    AC 315 Chapter 1 HW 6th Ed

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    Chapter 01 - Environment and Theoretical Structure of Financial Accounting Chapter 1 Environment and Theoretical Structure of Financial Accounting 1- 1 Chapter 01 - Environment and Theoretical Structure of Financial Accounting EXERCISES Exercise 1-1Requir

  • 7 Pages AC 315 CH 6 HW B 6th Ed
    AC 315 CH 6 HW B 6th Ed

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    Chapter 06 - Time Value of Money Concepts Problem 6-6 1. PV of $1 factor = $30,000 = .5000 $60,000 Present value of $1: n=? , i=8% (from Table 2, n = approximately 9 years) 2. Annuity factor = Annuity factor = $28,700 = 4.1000 $7,000 Present value of an o

  • 3 Pages Chapter 5 Quiz Answer Key
    Chapter 5 Quiz Answer Key

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

  • 5 Pages Chapter 7 Quiz Answer Key
    Chapter 7 Quiz Answer Key

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

  • 18 Pages Homework chapter 12
    Homework Chapter 12

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    Problem 12-1 Requirement 1 Investment in bonds (face amount). Discount on bond investment (difference). Cash (price of bonds). Requirement 2 Cash (4% x $80 million). Discount on bond investment (difference). Interest revenue (5% x $66). 3.30 Requirement 3

  • 12 Pages Homework Chapter 11
    Homework Chapter 11

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    Problem 11-1 Requirement 1 Determine useful life: $200,000 depreciable base = 20-year useful life $10,000 annual depreciation Determine age of assets: $40,000 accumulated depreciation = 4 years old $10,000 annual depreciation Double-declining balance in 4

  • 13 Pages Homework Chapter 10
    Homework Chapter 10

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    Problem 10-1 1. To record the acquisition of land and building. Land (determined below). Building (determined below). . Cash . 100,000 62,500 37,500 Percent of Total Fair Value Asset Land Building Fair Value $ 75,000 45,000 $120,000 62.5% 37.5 100.0% 2. T

  • 5 Pages Homework Chapter 9
    Homework Chapter 9

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    Problem 9-1 Requirement 1 Product NRV per unit $16 - (15% x $16) = $13.60 $18 - (15% x $18) = $15.30 $ 8 - (15% x $8) = $ 6.80 $ 6 - (15% x $6) = $ 5.10 $13 - (15% x $13) = $11.05 A B C D E (1) NRV-NP per unit $13.60 - (40% x $16) = $7.20 $15.30 - (40% x

  • 9 Pages Homwork Chapter 8
    Homwork Chapter 8

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    Problem 8-1 Requirement 1 a. To record the purchase of inventory on account and the payment of freight charges. October 12, 2011 Purchases (98% x $22,000). . Accounts payable . 21,560 Freight-in. . Cash b. 500 500 To record purchase returns. October 18, 2

  • 3 Pages Homework chapter 7 requirement 2
    Homework Chapter 7 Requirement 2

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    Requirement 2 ANALYSIS Previous Value: Accrued 2010 interest (10% x $20,000,000) $ 2,000,000 Principal 20,000,000 Carrying amount of the receivable $22,000,000 New Value: Interest Principal $1 million $15 million Present value of the receivable x 3.16987

  • 17 Pages Homework chapter requirement 1
    Homework Chapter Requirement 1

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    Problem 7-1 Requirement 1 Monthly bad debt expense accrual summary. Bad debt expense (3% x $2,620,000). . Allowance for uncollectible accounts . 78,600 78,600 To record year 2011 accounts receivable write-offs. Allowance for uncollectible accounts. . Acco

  • 6 Pages Homework chapter 6
    Homework Chapter 6

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    Problem 6-1 Choose the option with the lowest present value of cash outflows, net of the present value of any cash inflows (Cash outflows are shown as negative amounts; cash inflows as positive amounts). Machine A: PV = $48,000 1,000 (6.71008) + 5,000 (.4

  • 3 Pages Home work chapter 1
    Home Work Chapter 1

    School: Ill. Chicago

    Course: Intermediate Financial Accounting I

    Exercise 1-3 Requirement 1 FASB ASC 820: Fair Value Measurements and Disclosures Requirement 2 The specific citation that describes the information that companies must disclose about the use of fair value to measure assets and liabilities for recurring me

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